Trading on the floor of the Nigerian Exchange, (NGX) kicked off the week on a bearish note, arising mainly from N11.30 or 6% declineinthe share price of MTNNigeria. Consequently, the All-Share Index declined by 0.2% to close at 97,582.41 points, with the Month-to-Date and Year-to-Date returns printing -0.2% and +30.5%, respectively.
The total volume of trades increased by 53.6% to 324.02 million units, valued at NGN6.22 billion, and exchanged in 9,738 deals. Zenith Bank was the most traded stock by volume at 36.99 million units, while MTN Nigeria was the most traded stock by value at NGN1.14 billion.
Sectoral performance was mixed, as the Consumer Goods (+0.9%) and Banking (+0.2%) indices recorded gains, while the Industrial Goods, Oil & Gas and Insurance indices closed flat.
CHAMS (-10.0%) and UPL (-9.9%) recorded the highest loss of the day, while SOVRENINS (+10.0%) and PRESCO (+10.0%) topped the gainers’ list.